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Old May 12th, 2008, 10:37 AM   #1 (permalink)
mrs.v
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Default Michael Jackson stops Neverland sale

Michael Jackson Stops Neverland Sale


Michael Jackson has prevented a foreclosure sale on his Neverland Ranch after a loan on the property was sold to an investment firm.
The California estate was reportedly scheduled to be sold off on May 14th if Jackson failed to pay $24.5 million he owed in property taxes - but Colony Capital, a New York-based private equity group, stepped in to buy his loan.
A statement from Jackson says the star is in discussions with Colony and its founder Tom Barrack Jr. "with regard to the ranch and other matters". The company is reported to be "very comfortable" holding the loan while it negotiates payment terms.

Michael Jackson Stops Neverland Sale - Starpulse Entertainment News Blog
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Old May 12th, 2008, 10:38 AM   #2 (permalink)
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why do people keep supporting this tool? if i owed millions, would some company step in and buy my loan for me, pretty please? I think not.
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Old May 12th, 2008, 10:44 AM   #3 (permalink)
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Quote:
Originally Posted by Grimmlok View Post
why do people keep supporting this tool?
I'm sure bychance will be along shortly with a nice long answer to your question.
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Old May 12th, 2008, 10:46 AM   #4 (permalink)
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Quote:
Originally Posted by Grimmlok View Post
why do people keep supporting this tool? if i owed millions, would some company step in and buy my loan for me, pretty please? I think not.
If you were a star I am sure someone would; Average Joe, I doubt it.
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Old May 12th, 2008, 11:01 AM   #5 (permalink)
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Quote:
Originally Posted by aabbcc View Post
I'm sure bychance will be along shortly with a nice long answer to your question.

Too bad she was banned, I miss her rants.
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Old May 12th, 2008, 11:04 AM   #6 (permalink)
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She's back, btw. temp ban.
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Old May 12th, 2008, 11:05 AM   #7 (permalink)
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Ohhh.

*braces self*
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Old May 12th, 2008, 11:18 AM   #8 (permalink)
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Why did she get banned?
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Old May 12th, 2008, 11:22 AM   #9 (permalink)
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^ Something about racism, New York cops, and Rodney King. I think it was mostly racism.
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